The financial and operational impact of escalating regulatory requirements is being felt by credit unions across the country. Many are struggling to put plans and systems in place to meet these growing demands, which can exact high operational costs in addition to increasing the risks of fines, penalties, and other costs associated with non-compliance. This […]
Resource Category: Blogs & Articles
6 Ways to Get Your Clients Ready for Making Tax Digital
As the UK government continues the Making Tax Digital roll out, how can you make the transition easier for both you and your clients? The soft-landing period for Making Tax Digital for VAT has now ended, but that’s only the beginning. From 2022 all VAT-registered businesses will need to keep digital records and submit VAT […]
How to Advance Your Credit Union’s Board Governance Processes
Board governance has always been a top-of-mind issue for executives at credit unions. Today, however, it is more critical than ever to make sure that your new board members are formally and effectively onboarded, and your existing board members have access to key information using efficient and secure systems. A cloud-based document management system can […]
How a cloud-based document management system can improve the health of your CU
If you think about it, the sheer volume and sensitivity of data that flows through your credit union in the form of digital and paper-based documents on a daily basis is incredible. One simple account or loan transaction typically generates multiple files and documents, most of which must be secured, retained and shared in some […]
The Accountant’s Checklist to Save Time in 2022
Do you often feel strapped for time during busy seasons? While you can’t wave a magic wand that adds more hours to your day, you can improve your workflow and business practices to maximize your productivity at work. Here are six insanely simple yet effective tips for you to save time today and in the […]
The Ultimate Guide to Document Management Systems for Small & Medium Sized Business
As your business grows, so does the number of documents you handle on a daily basis. Before you know it, your files have sprawled and become something that needs active upkeep. Thanks to modern document management systems, this challenge is easily solvable, with many options readily available. In this guide, we’ll give you a high-level […]
Three strategies your credit union should use to reduce pandemic-era cybersecurity gaps
The pandemic has made identifying and reducing security gaps even more important for credit unions because COVID-19 has ushered in higher levels of fraud, identity theft and other cybercrimes which cybersecurity experts predict will continue to skyrocket. Many of these crimes can be prevented with the right approach to document management, ensuring that your credit […]
1099-NEC Preparation Made Easy in 6 Simple Steps
It’s 1099 season again, and with it, we have a new member to the 1099 family for 2020. Form 1099-MISC has had a baby! For so many years the bulk of the January rush to get Forms 1099 preparation done by January 31st has been to complete, send and file the Forms 1099-MISC, primarily using […]
Has Your 2021 Strategy Changed?
In this year of turmoil, unpredictability, uncertainty and worry, the idea of strategy for anything further than a month ahead may seem like a dim and distant memory. But now, more than ever before, strategy is critical to the success of your and your clients businesses. While I think we all appreciate that the need […]
Five QuickBooks Add-On Apps Your Small Business Can’t Live Without
The Power of Connected QuickBooks Add-On Services One of the biggest trends in business technology right now is the concept of “connected services”. By handpicking your own integrated suite of tools, you can leverage the power of total integration, so that everyone in your company has access to the files, reports, and data that they […]
5 ways to simplify cybersecurity compliance for your CU
The focus on cybersecurity by credit unions and regulatory bodies continues to grow in scope and complexity. Consider recent Economic & CU Monitor data that shows the percentage of National Credit Union Administration (NCUA) exams devoted to cybersecurity increased by nearly 10 percent between 2017 and 2018—a trend that continues in the current regulatory environment. […]
Choosing the Best Document Management Solution for Your Small Business
The idea of having a document management strategy has become an important part of operations for small businesses. Selecting the right solution is critical because it can be integral to the internal workflow and operations of a business—providing everything from the structure to organize and secure documents digitally, the ability to improve the customer experience […]
Countdown to the Cloud: A Comprehensive 30-Day Business Continuity Planning Guide for SMBs
As with any key organizational initiative, putting a full business continuity plan in place for your business takes perseverance. Once you make the decision to do it, however, you’ll need to consider how to implement the critical operational components such as integrating a comprehensive cloud-based business continuity tech stack into your firm or small business. […]
Taking Care of Business: How to Prepare for TY22 During a Pandemic Part I
By Dawn Brolin TY22 is going to be the first one (and hopefully the last) that will likely start and end with Covid-19. Unlike the last tax year where we didn’t have COVID-19 until the tail end of the return preparation period, going into this tax season, we know it is here and that the […]
Taking Care of Business: How to Prepare for TY22 During a Pandemic Part II
By Dawn Brolin As I discussed in my previous article, the Covid-19 pandemic has expedited a shift in the way our clients expect to be served not only during this tax season but beyond it as well. As tax professionals, we need to ensure that we can meet their needs this tax season while also […]
Taking Care of Business: Let Your Small Business SOAR in the Cloud with the Right Mindset
By Dawn Brolin Much has been written about small businesses transforming their operations through cloud technology. However, when it comes down to actually doing it, sometimes what stands in the way is a mental block. There’s a feeling of being overwhelmed and uncertain with cloud technology that needs to be overcome first. Then you can […]
Taking Care of Business: W.I.N. for Your Firm and Clients in Any Circumstances
One of the best parts of being a CPA, in my opinion, is the role of being my client’s trusted advisor. For many of us in the accounting profession, the Covid-19 pandemic has provided us with a unique and, let’s face it, sometimes stressful opportunity to step even further into this role by providing guidance […]
How to Create a Pandemic-Proof Business Continuity Plan in Three Simple Phases
If there’s one thing the Covid-19 pandemic has taught us, it’s that preparing for the “what ifs” in life is not only smart, it is absolutely essential. The same goes for preparing your business for the unexpected, whether it’s a public health crisis like the pandemic, a fire, a flood, upcoming succession in your firm, […]
Practising Mindfulness When Working From Home
For many of us, working from home has taken its toll during 2020, and 8 months down the line the lack of social interaction has had a negative impact no our mental health. Even for those that usually work from home, the inability to join clients or colleagues for in-person meetings and lack of social […]
Journey of a Mindfulness Skeptic
The term mindfulness is one of the hottest buzzwords in our culture today, sparking the creation of an abundance of products with the mindfulness label attached. Influencers, thought leaders, writers, and journalists have all latched on to the term and most of us have read a headline that includes it. The COVID-19 pandemic brought the […]